Ariel Investments Urges Mattel Board to Consider Sale

Key Facts

1John Rogers, chairman of Ariel Investments, urged Mattel's board to consider a sale of the company to the right buyer.

John Rogers, chairman of Ariel Investments, urged Mattel's board to consider a sale of the company to the right buyer. CNBC reported that Rogers publicly discussed a letter sent to the board advocating for a potential sale to maximize shareholder value.

Ariel Investments is engaging with the board regarding the company's future direction and leadership transition. Shares of MAT closed at $15.93 on October 6, 2026, after trading between a session low of $15.58 and a high of $16.14.